POLL: The Hardfork Poll

in steem •  8 years ago 

 

Are we going to the moon again? And will you powerdown?

Please vote for the option you are considering

I predicted 2 days ago that we will see a price of 28cents on 6th december, this has come true. It was just a lucky guess. To be able to see what will happen in one week (the first new rate Power downs will than hit the market) please vote for one of the options in comments!

Will you hold Steem ???

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ABOUT ME: Some insides into my Steemit life  

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I have never used that feature. Powering down now would be like... buying a pizza for 10k BTC? ;-)

it all depends ;) 99% of crypto fails.. in my case I earn more than I can power down . so I power down a bit now and hope the price goes up to 1 $ ;)

I have been buying since $4 and as low as .11 (last week). I just bought some more Steem and anything earned will all be powered up. I have actually exceeded several of my goals as far as amount of STEEM POWER, but It seems I desire more. I have a long term view for and of Steemit, but Steemit and the community continue to innovate. This experiment continues to leave me in awe. Many great things to come from this social experience.
Full $teem ahead!

great to hear your steemit story. I agree and I have not powered down before and I am trying to hit the magic 100.000 sp number next week!

It's like you are my mirror image. I have done exactly the same. Bought at 4$ and also @ all time low. It seems we also ended up with a similar amount of SP. Funny.

;) yeah. agree that in the long run I hope we both end up rich ;)

😎🤓👍🏼🙏🏽

I have grown fond of this place and I would like it to succeed! Not sure if not powering down will help with this but it might send a positive signal! nice poll, I am curious about the results!

indeed, my feeling is that most people are not powering down or will use the old rate.

I plan to hold onto my SP for a while and build it up. I may use SBD to buy stuff. I want to see a new economy using that.

thats great to hear ! I would like to see steem be the currency it is intended to be

No., I will not power down. My experiences here on steemit are positive. I learned many things every day. I met interesting people. Steemit has a stunning future. I invested some money and earned some. I got pretty good support by dolphins and whales. My post were read and sometimes commented and discussed.
So why should I power down my 5407 SP??

true ! that 5000 sp could be worth 500K in 10 years. who know ?

i will not power down

whats your reason for holding the sp

i believe its in my benefit to hold my steem power for the moment....maybe later i will PD but definitely not now...

agreee. I wont use the new rate to power down

  ·  8 years ago (edited)

Hodl for the long term. I'll power down at a dollar perhaps.

But not for too long.

thanks for your participation in the poll. yes 1 $ sounds tempting for a power down

I ain't powering down!! I did a bit before to raise some cash for steemfest but no more, I am holding on to my ha'penny as they say in Scotland. Viva la hardfork!!

Viva la noche @meesterboom :P
I mean ..la fiesta - is that Scottish I thought Spanish?:P

Haha, it's close enough!!! Viva la fiesta!!! Si si!!

I will power down at both the old rate and the new rate simultaneously. I will break the blockchain.

LOL is that possible?

YES I WILL POWER DOWN AT THE NEW RATE!

blasphemous!

hehe

hehe ;)

i guess im the only one that'll be selling... ill have the market cornered.

I think more people will choose to sell. selling might be the smart play, the price will eventuelly come down bbefore going up again.

I'll be powering down once a month or so to recoup server costs if needed to supplement the liquid STEEM payouts witnesses will receive. Preferably I'd have some left over to power up actually but we'll have to see where the prices go.

agree. for a witness it is important to power down and sell when the price is high and hold when the price is low. I would even say sell it all when the price is going higher and re-buy if the price is going down

I've not been powering down for a while now.

The prices were a factor for sure. But also because I had enough set aside that I made from earlier posts to float my many servers. Very interested to see where the price goes from here.

Either way I'm in it for the long haul and will retain as much SP as I can. Feels good to be able to upvote and reward peoples posts. :)

true. with my sp it is great to see that I can now again give an average of 50cents once a post has hit 10$ before my vote.. that feels good

Before anyone thinking of powerdown. Remember that You can mine steem again... cause the algo will switch to equibhash. No more monopoly on the mining queue.

ah so true! I will definately mine steem

  ·  8 years ago (edited)

was thinking about this discussion yesterday night, and it occurred to me that there is actually a fourth option you didnt consider.

Power down and hold liquid steem. People doing this actually would have the same effect on price as those remaining powered up.

For a lot of people (like me for example), even if i deicded not to sell, i would rather have my money available to use if i wanted to.

With steem power no longer offering a significant amount of interest, and the inflation rate kept way down, holding liquid steem is no longer automatically a bad choice -- especially if you don't have the time or inclination to curate

agree! we might see some people holding steem and re-acting quickly to rising prices

Not only did you forget about those who may power down but not sell...you also forgot about those who previously wouldn't buy steem to begin with (due to hyper-inflation) but now will.

Also, much of your analysis seems to assume that everyone who begins powering down next week will continue to do so weekly. But with weekly powerdowns now 8X the size, I think many people will opt to power down 1 week at a time only periodically, perhaps once every 4 to 8 weeks.

My personal take on the people outside of steem who clutched their pearls and wrung their hands at the super high inflation rate was that they didnt like the idea of steem/steemit for a variety of reasons, and were hanging their hat on the inflation rate because inflation is sort of a weird crypto/btc fetish. (i once had a big BTC enthusiast earnestly tell me that BTC was better than gold as an investment, because the number of BTC that could be created was fixed, while new gold would be created forever inside of stars in space)

Which is to say, i don't believe that there are a significant number of people out there for whom the rate of inflation is the one singular thing thats keeping them away. I could be wrong though(i think the whole "inflation" issue is nonsense from top to bottom)...

Great point re: the pre-fork hyperinflation inhibiting buyers. Two things that concerned me the most as a STEEM investor:

  1. Ridiculous inflation, so, as a long term investor in the project, i would power up, but...
  2. The old power down schedule sucked and made me hold off buying in bigger earlier on.

I'm now uninhibitedly bullish STEEM :)

No, I won't Power Down.
I gave this 2 years to work and I'm tenacious (stubborn) lol

well that good to hear ;) !

It may be that I got it wrong when I first arrive here... I thought we were locked in for 2 years and I thought that was acceptable. Because of that, since I realised I got it wrong, I decided to stick to my original method and give it the 2 years anyway - I have nothing to lose :)

I like it !

No I will not power down unless we hit some crazy high number. Steemit has only begun! Less than 6 months old and its growing rapidly. We can easily hit a the $4 again with the Steem inflation only 9% a year.

Inasmuch as money supply effects price, the only inflation that matters is the inflation of liquid steem (the steem that people can actually buy and sell). The inflation of SP that they are curtailing effects that indirectly, but for at least a year or so, we are actually going to see more liquid steem on the market than we would otherwise, not less.

How much more depends on how many people hold vs power down. If everyone powering down at the old rate switches over and does so at the old rate, it will be a very significant amount more.

So there's a ton more steem on the market, and demand is stunted by declining quality of content, and the fact that we just defaulted on our obligations to SP holders.

im all for optimism, but what many people don't seem to get is that unjustified optimism hurts the platform.

you are are right but after steemfest I tend to believe that there is a chance for steem. the price going up aagin to the mmon is not gooth either

  ·  8 years ago (edited)

Definitely powering down. I just don't see the incentive to hold at this point, especially not in steem power.

I think it could go as high as .50 next week, prior to the new powerdowns. Especially since there arent likely to be any powerdowns at all (since people who arent synched up will restart) and rewards are going down. I picked up like 5K more when it hit .10 and 50 is my sell point for them. A big part of our fortunes are going to be based on what BTC does to SBD

After the new powerdowns start to hit, though, I see a rapid decline. Unless way more people hold than seems very likely. Id expect us to be between .10 and .20 come christmas and somewhere around .05 by new year.

I think the bottom is going to come somewhere in q2 2017, and i expect it to be somewhere significantly below 1 cent.

I think itll be possible (though not certain) to come back from, but i just can't imagine any way to get around having to get there before a bounce.

I agree partly. I think we will even go higher than .50 and than the price will start going down to the levels we see now. as most supply is controlled by steemit inc (employees founders etc) I dont see more steem hitting the market . everybody will wait before selling out on the next moon phasse

50c is a big psychological resistance point, especially coming off like 10c just a few weeks ago. I think if we could make it this week for like a month, it could potentially break through, but it might be a hard nut to crack in just a week.

As to the amount of steem hitting the market, think of it this way. If 75% fewer people (weighted by steem power, obv ) continue to power down after the HF, thats still twice as much new steem hitting the markets every week. And 75% less seems pretty optimistic to me.

All that said, i don't think a really big sell off and a really low bottom price is necessarily a bad thing. It will give serious investors a chance to achieve parity, and maybe even improve content.

dont forget that ned and dan stopped powering down for 3 month now. I think that we will only know once they start powering down again!

my prediction is we will break the 50cents within this week

Yeah, not sure if that includes the steemit account or not. ANd also not sure how i feel about that (though they pretty much were obliged to). In a way, i think it would be better, long term, to just rip the bandaid off as quickly as possible.

TBH, i actually think that breaking 50c in the this week would be bad in both the medium term and the long term.

In the medium term, the bigger the gains we have right now, the bigger the immediate bounceback is once more steem starts hitting the market. If steem goes up to 50 or 60 or whatever now, then quickly back down to the high teens low 20s once the powerdowns start to hit, its very possible that many will view that adjustment as the starting gun for a race to the door -- the signal that all the whales (at least the ones who arent pledged not to) are powering down and selling so i had better too before the price tanks completely.

If it continues to hold in the mid-higs 20s now, then bounces to the high-teens low 20s level when the new powerdowns start to hit, i think people will be more willing to hold and give the currency a chance to appriciate in value before they sell.

agree. but I think we will see a pump close to 45-50cents range end of this week.

Not powering down hehe.

good to hear!

yes

With the new release items in place . We need to hold some time to see better results

agree. that might be a good idea

Been layering in on the way down, planning on recouping and having some left over to power up.

Powering down some right now to try to time a top, then buy back more on a contraction. Won't take any of that offsite though.

Sold some on an exchange for a double already. Can't complain with that. Will watch and might sell more if it looks like it's topping to me. But I expect a correction next week, so it's just a matter of shuffling and hoping to increase my position. Then I'll move it all over and power up.

;) great idea !

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Transaction broadcast error.
what happen with steemit?

it happens sometimes !

will continue powering up. I am still new here.

contact me once you reach 1500 sp. I will invite you to a channel

Currently, I am at 2,713 SP. And, even at lower interest, I still plan on bulking up my steem power in the near term. It's a case of voting with your money. Despite the flaws, I want to believe in the concept in this platform and will keep most of money here. Hell, I make a comfortable living right now anyway, and i have been viewing crypto currency as a long time retirement investment. It's especially helpful to not not have to spend anything and let my mining rig and writing here generate money I can sit on.

User richristow added by knozaki2015.

you have been addet to a new room! check your chat

I see. What's the purpose self promotion or promoting others or both?

you can promote intresting posts. and drop your own links. support others too to gain followers faster!

Ich kaufe ständig dazu, warum sollte ich verkaufen, bevor es fertig ist? Ich hoffe immer noch, dass es hieraus einmal eine unzensierbare Alternative zu Facebook, Twitter, ebay, Skype ec. wird. Solange ich diese Hoffnung habe, werde ich steem kaufen.

gute begruendung!

  ·  8 years ago (edited)
  1. I'll establish a baseline of SP. That would be the minimum I hold and I can NEVER power down below that.
  2. I'll check it every 3 months to calculate the difference - the gains.
  3. A percentage of the gains will increase the baseline and would NEVER be sold. Other percentage might be or might not be powered down depending on the value of steem. It could be 10% if Steem reaches $1 and 10% when reaches $2 and 5% when reaches $5... and so on. But the biggest amount will be around for the long term.

that would be an interesting approch

I am torn because under the new power down schedule I will get enough money to do what I want, and actually, I can do it directly, and dich this Amsterdam nonsense.

My SP is almost completely from my rewards. I don't want to make a decision to liquidate it lightly. I want to make it count. The horrible cold and the unhelpful schedules in my daily life are really eroding my interest in holding at the moment. I have to think about it. I mean, the price will probably dip at first.

So I am just gonna sit and watch and consider my options.

Yeah, I'm hoping it's going to zoom up some and hold so you can power down a good sum soon! I think it will. We'll see :)

let's see how high the steem price will /can go!

I would assume that we will know if the price is really taking a hit once the 3 month holding period of ned and dan is over and they re-start their power downs. so until then it might swing in both directions

@l0k1 -vlierhof - another option?

Amsterdam winter is killing me again. Maybe I need to go back to the dry mountain air. Winter here on the street I am 80% sick, all winter.

@l0k1 I suggested you vlierhof in November - they are still looking for volunteers. Much things to do there. You won't get bored plus maybe you could recruit them to Steemit as well :P

Haven't been there for quite some time. New faces on the site but the same owner . The only warm places I could think of is Spain and Portugal.

I didn't realise until this time here how much this climate disagrees with me in this season. Almost anywhere especially away from the sea and endless canals would be better. I am feeling absolutely miserable again. Last winter in Sofia was easier to cope with, I barely even got sick. Here, in winter... Even the elevated and somewhat windy mountains of Slovenia were easier for me, and I was riding a bike 12 hours a day, eating only when I found food. Sleeping even mostly cold!

I don't know what to do but I have got myself at a standstill again. The thought of walking outside more than I already am is painful. I cannot think of doing anything at the moment, I am half disabled. The asthma is back, I have had a headache since yesterday, my nose is blocked and runny, my throat is dry and tight and my breathing muscles are getting fatigued from coughing.

vegas is cheap as hell this time of year... just finished walking my dog in basketball shorts and a t-shirt.

@l0k1 - I wish you went to vlierhof earlier - tsk tsk tsk
anyway, get well soon I hope you are at least warm are you still in that jail you posted about?

Congratulations for 75 Reputation! You are insanely fast man!

thank you. (without counting steem sports thats a company inside steem) I am the only living human who ever hit 75 ;) didnt realized until you said so. well I wish they would implement badges soon so I can at least tap myself on the sholder ;)

You are the STAR of steemit!
Yeah , badges would be great!

Hold, you fools to make Steem price high! I Will only power down if Steem reaches 1 Dollar plus!

I am financing my life with steemit blogging. so I have to sell . but yes I set my price at 0.43 now.. waiting for steem to hit that

Good luck then and may the Steem price hit that mark ASAP.

I WILL POWERDOWN AT THE OLD RATE ! (not change my current POWERDOWN)

I do this atm and planning to do this or stop powerdown. That 2 years rate pays my servers (4) for being a witness.

hey!
yeah as a witness I would assume that you have to power down to cover server costs. but maybe sell more if the price is high and stop powerr down if the price goes down again?

yes might be an idea... I recently powered up some as well.

yeah . the price looks promising!

Holding long term. The room for upward growth is too large to sell now, and I personally believe we'll surpass our all time high within a year from now. Lets see what happens after the fork. It'll weed out the non-believers. Also, Steemit inc will be introducing their road map on january 1st, which should make the price go soaring. Very exciting!

the roadmap is a good point. so yes the price really might go up until than and once it is out if people like it, the prie might go even higher

I am not sure, I will wait and watch. Might power down a little bit.

I think that's the right approch

I will not power down. I am in it for the long haul

that's good to hear ! me too!

Great poll. I also will not power down. My assumption is that the price goes a bit down in the next few weeks, I will use the opportunity than to buy more steem and power up. My "hope" is that we will see the 3 USD in 2017 again and only than I consider to partly power down to take some profits.

my take is that we will see the diretion once dan and ned power down again.. until than the price might go up

I always power up all the steem I get and as you can see by the little steemit logo in my titles of my posts , im a 100 % Steem power up blogger! So no I will not be powering down ! Full Steem Ahead ! ♨♨♨♨♨👍

great ! so are you using the 100% power up option for the posts?

Yes! Thats why I have a little steemit logo at the end of my title on all the posts i put up ! 👍😉
If you check your feed , everyone with the steemit waves at the end of their title are 100% steem power up posts!

I have no intention to power down right now........and your prediction is 100% correct

;) I don't know there is not 100% in crypto. but I hope I am right

I will hold.

fantastic !

you are just keeping it?

Just going to keep on posting. I will keep the SP. For the rest, it depends if I need that money for something else. But I want to get a million vests soon 😎

great to hear! keep posting !

@knozaki2015 NO I have never powered down nor shall yet
I need to grow grow grow some more! I want to be a whale :P some day -

and you will be I am sure ;)